Tourism and Hospitality

India is a large market for travel and tourism. It offers a diverse portfolio of niche tourism products - cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural and religious tourism. India has been recognized as a destination for spiritual tourism for domestic and international tourists. In India, the sector’s direct contribution to GDP is expected to grow by 7.1 per cent per annum during 2018-28. By 2020, medical tourism industry of India is expected to touch US$ 9 billion. Total earning from the sector in India stood at US$ 28.6 billion in 2018 and is targeted to reach US$ 50 billion by 2022. By 2020, medical tourism industry of India is expected to touch US$ 9 billion. Growth in tourist arrivals has been due to flexible government policies, developed rail & road infrastructure, ease in availability of evisas to foreign tourists. As of November 2019, arrivals through etourist visa increased by 23.8 per cent year-on-year to 2.5 million. The Government has also been making serious efforts to boost investments in tourism sector. In the hotel and tourism sector, 100 per cent Foreign Direct Investment (FDI) is allowed through the automatic route. FDI inflows of US$ 12.96 billion between April 2000 and June 2019. The Government of India has set a target of 20 million foreign tourist arrivals (FTAs) by 2020 and double the foreign exchange earnings as well. Ministry of Tourism is promoting Buddhist Circuit to increase India’s share in global tourism market. The Government of India is working to achieve 1 per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025

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